Credit Cards
Capital One SavorOne Student Cash Rewards Credit Card (Rates & Rewards)
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Hello guys, here we are back with another card review. On this page, we provide a review of all the cards, with our years of experience in testing and analyzing them. With this review, we can help you determine which card is perfect for you.
Today, we are going to discuss about Capital One SavorOne Student Cash Rewards Credit Card. This card will give college students a great choice to earn cashback without paying an annual fee.
This card will cover common categories for college students with minimal fees. However, some competitors may provide higher rates in some categories, Capital One SavorOne Student Cash Rewards Credit Card won’t require you to track your spending. Read this review to know if you are the right fit for this card.
Contents
- 1 What to Know
- 2 What is a Capital One SavorOne Student Cash Rewards Credit Card?
- 3 Why do you need a Capital One SavorOne Student Cash Rewards Credit Card?
- 4 Reason to Skip the Savor One Credit Card
- 5 Eligibility for the Capital One SavorOne Card
- 6 Pros and Cons of Savor One Student Cash Rewards Card
- 7 Is the Capital One SavorOne Student Cash Rewards Credit Card worth it for you?
What to Know
Get ready for some outstanding perks with this credit card!
You’ll earn a cool 3% cash back on dining, entertainment, popular streaming services, and grocery store purchases (excluding Walmart® and Target®). Plus, snag a $50 bonus when you spend $100 in the first three months.
No annual fee, no foreign transaction fees, and absolutely no hidden fees. Traveling? Score unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get their best prices.
Want to earn even more? Refer friends and family to earn up to $500 a year when they get approved for a Capital One credit card. Plus, get 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal.
Whether you’re in a 4-year university, community college, or another higher education institution, this card could be your perfect match. Build your credit responsibly while enjoying these awesome benefits!
What is a Capital One SavorOne Student Cash Rewards Credit Card?
Capital One SavorOne Student Cash Rewards Credit Card stands out choice among student credit cards and surpasses competitors such as Discover It and Bank of America cards for students. This card is packed with lots of benefits and features, This card offers advantages such as unlimited bonus categories, extensive benefits, and a minimum fee structure. It also provides a rare and easy-to-earn welcome offer which adds to its appeal for new cardholders.
The SavorOne student card eliminates concerns about spending limits, seasonal categories, or activation periods. It focuses on common everyday spending areas, which include dining, streaming services, and groceries. Additionally, it includes cashback for entertainment expenses, which creates a simple and student-friendly rewards combination.
This card’s simplicity makes it ideal for beginners to take credit card usage while offering substantial long-term value. For those who are looking to upgrade after graduation or once their credit score improves, the Capital One SavorOne Student Cash Rewards Credit Card is an ideal option for you.
Have you heard about the Chrome Card for Students from Discover It? The fact that it offers cashback on purchases is great for students.
Why do you need a Capital One SavorOne Student Cash Rewards Credit Card?
Let us look at some of the benefits that we love about the Capital One SavorOne Student Cash Rewards Credit Card.
When you spend $100 in the first three months, you can earn $50 cash back with this card. This card offers an attractive cashback rate across various spending categories for students. You get 3% cash back on dining, entertainment, popular streaming services, and at grocery stores.
Moreover, you can earn 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% cash back on all other purchases.
The rewards will never expire and can be redeemed for checks, statements, credit, gift cards, or applied directly to cover recent purchases.
The Capital One SavorOne Student Cash Rewards Credit Card comes with a 0% annual fee, which means you don’t have to pay anything each year to keep using the card.
If you use the card outside of the U.S., you won’t be charged any additional fees, which makes it a great choice for a student planning to study abroad or travel internationally.
Reason to Skip the Savor One Credit Card
If you don’t pay off your full balances each month on the Capital One SavorOne Student Cash Rewards Credit Card, you will face high interest charges. The annual percentage rate for carrying ranges from 19.99% to 29.99%. This is standard practice for many student credit cards.
Eligibility for the Capital One SavorOne Card
The Capital One SavorOne Student Cash Reward Credit Card is a suitable option for students who are:
- At least 18 years old. This is the minimum age requirement to apply for the card.
- Enrolled in a degree-seeking program at an eligible U.S. college or university. This will include 4-year universities, community colleges, and vocational schools.
- Have a fair credit history. This means you should have a credit score of at least 630. However, Capital One may approve you if you have a strong income or savings history.
- Spend regularly on dining, entertainment, streaming service, and grocery.
- Want a no-annual fee cash-back credit card.
Pros and Cons of Savor One Student Cash Rewards Card
| Pros | Cons |
|---|---|
| Rewards rate | High APR |
| Sign-up bonus | No intro APR on purchases or transfers |
| $0 annual fee | |
| No Foreign transaction fees |
What is the Discover it Student Cash Back Credit Card? Are you familiar with it? For students, it provides excellent benefits and prizes.
Is the Capital One SavorOne Student Cash Rewards Credit Card worth it for you?
The Capital One SavorOne Student Cash Rewards Credit Card is a good choice for students who want to earn cashback rewards without any limits on the 3% cashback rate. It also provides valuable benefits like extended warranty and travel accident insurance. However, if you plan to make a big purchase and need time to pay it off, this car might not be a good option as it has a high APR rate. You can go with a Bank of America customized cash rewards credit card for students.
It is important to pay your bill on time every month and keep your balance well below the credit limit. This will ensure you don’t harm your credit score and avoid hefty interest charges.
Nicole Hughes is a credit card and loan expert content writer based in New York. With a knack for simplifying financial jargon, she creates informative and reader-friendly content. Her work empowers individuals to make informed decisions regarding credit and loans, ensuring financial well-being.
FAQs
To qualify for this card, you need to be at least 18 years old, enrolled in a degree-seeking program at an eligible U.S. college or university, and have a fair credit history (minimum credit score of 630).
Some key benefits include a $50 cash-back sign-up bonus, a generous cashback rate on various spending categories, no annual fee, and no foreign transaction fees.
No, there is no introductory APR on purchases or balance transfers for the Capital One SavorOne Student Cash Rewards Credit Card.
To maximize rewards, focus on spending in categories like dining, entertainment, streaming services, and groceries. Take advantage of the sign-up bonus by spending $100 in the first three months. Always pay your balance on time to avoid high APR charges.
There’s actually no specific minimum credit score required for the Capital One SavorOne Student Cash Rewards Credit Card. So, if you’re a student looking for a credit card, you don’t have to worry about meeting a certain credit score threshold to apply for this one!
